Calyx Point 7 - Page 162

144 Calyx Software
Disclosures and other forms
2 Open the MLDS/GFE (CA) for non-traditional loans from the Forms menu or the
shortcut toolbar.
The subtotal and total of initial fees, commissions, costs, and expenses are
precalculated if the
Good Faith Estimate was completed.
3 Enter any miscellaneous fees and compensation paid to the broker.
a In the first field for the
MortgageBrokerCommission/Fee, enter a description of
the fee.
b In the second field for the
MortgageBrokerCommission/Fee,enter a dollar value.
c Enter a percentage, a dollar value, or both in the corresponding
AnyAdditional
CompensationFromLender
fields if the lender is paying the broker any indirect
compensation.
4 Complete the
Additional Required California Disclosures section.
The
InitialCommissions,Fees,Costs,andExpensesSummarizedonPage1field is
automatically populated from the
Good Faith Estimate and also corresponds to the
TotalofInitialFees,Commissions,CostsandExpenses field in the previous section.
The
Purchase/Payoff field is automatically populated with the purchase price if the
loan is for a purchase. If the loan is a refinance, the field is populated with the amount
to be paid off, including debts and liabilities marked to be paid from the
Loan
Application
.
a Complete the
CreditLifeand/orDisabilityIns. field if a Credit Life or Disability
Insurance policy fee is included with the loan.